Harmony Skilled Network Foundation

What it reported doing in 2009

Our sole program is entitled: "Harmony Skilled Network Foundation." This program will educate the public about subjects useful to individuals and beneficial to the community. We further our purposes under this program by providing educational seminars on work place injuries and safety in the workforce. Workplace safety is a growing concern throughout the business and industrial community. Companies that provide seminars and other educational opportunities available to employees to stay informed and updated on safe work habits show a direct correlation to a reduction in the number of workplace injuries. This in turn cuts down on the overhead costs of the business and provides a safer work environment for the employees. Because of the large costs associated with injuries in the workplace, as well as the lifelong affects of such injuries, our organization has been developed to not only help raise awareness of these needs, but to also educate the public about the steps each person and business can take to help reduce these types of injuries. Our educational seminars will be conducted at various locations throughout California, for example at hotels and other conference centers. Interested participants will be required to pay an admission fee. Members of our related 501(c)(6) organization, HSN Association will be able to attend for a discounted rate of $35, while we anticipate the fee for the general public to be $150. Such fees associated with attendance at our educational events will help cover our overhead expenses associated with the conduct of our program. The types of specific issues that will be discussed by various professional in the risk management and workplace industry include but are not limited to risk management, quality care, employee safety and patient safety for healthcare providers. Although we are not yet certain who will speak at our seminars, we anticipate hosting various industry leaders who will be able to present the materials and topics in a straightforward and approachable manner for attendees. In addition to those initial topics that we anticipate educating the public about, we may also eventually provide educational events on other topics such as best practices and technology. We hope that such a holistic approach will help attendees of our activities to gain insight into how to incorporate their current practices into more effective policies and procedures. We intend on hosting approximately 4 of such seminars per year, initially, and anticipate increasing such number as we are able to, depending upon available funds. Specifically, under our program, we will raise funds through seminar attendance, vendor fees and fundraising activities. The funds that we raise will be used to pay for our costs associated with the operation of our organization, specifically relating to the conduct our of educational seminars.

Financial Efficiency

• Mission deployment rate: 30.2%; rating input score 30
• Program expense ratio: 27.6%; rating input score 28

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 50th percentile among comparable filings
• Major donor itemization: Limited

Sustainability

• Operating margin: -9.3%; rating input score 20; 20th percentile among comparable filings
• Total-asset coverage ratio: 0.02; rating input score 2; 2nd percentile among comparable filings
• Liabilities to assets ratio: Limited
• Officer compensation ratio: Limited

Growth

• Program expense growth: Limited
• Revenue growth: Limited
• Asset growth: Limited